ARK Investment Management LLC lowered its stake in Eastman Kodak (NYSE:KODK – Get Rating) by 44.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,547 shares of the technology company's stock after selling 35,989 shares during the quarter. ARK Investment Management LLC's holdings in Eastman Kodak were worth $210,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new position in shares of Eastman Kodak during the 1st quarter worth $139,000. BNP Paribas Arbitrage SA boosted its stake in shares of Eastman Kodak by 65.0% during the 4th quarter. BNP Paribas Arbitrage SA now owns 20,826 shares of the technology company's stock worth $97,000 after acquiring an additional 8,202 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Eastman Kodak during the 1st quarter worth $261,000. Strs Ohio boosted its stake in shares of Eastman Kodak by 16.7% during the 1st quarter. Strs Ohio now owns 49,700 shares of the technology company's stock worth $325,000 after acquiring an additional 7,100 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in shares of Eastman Kodak during the 1st quarter worth $133,000. Hedge funds and other institutional investors own 32.13% of the company's stock.
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Eastman Kodak Stock Down 0.8 %
Shares of KODK stock opened at $5.18 on Tuesday. The company has a market capitalization of $409.42 million, a price-to-earnings ratio of 103.60 and a beta of 4.40. Eastman Kodak has a one year low of $3.45 and a one year high of $7.83. The company's fifty day moving average price is $5.65 and its 200-day moving average price is $5.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.48 and a quick ratio of 1.65.
Eastman Kodak (NYSE:KODK – Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The technology company reported $0.19 EPS for the quarter. The firm had revenue of $321.00 million for the quarter. Eastman Kodak had a net
margin of 1.58% and a return on equity of 2.91%.
Analyst Ratings Changes
KODK has been the topic of several analyst reports. StockNews.com upgraded shares of Eastman Kodak from a "sell" rating to a "hold" rating in a research note on Thursday, August 11th. TheStreet upgraded shares of Eastman Kodak from a "d" rating to a "c-" rating in a research report on Thursday, August 25th.
About Eastman Kodak
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Eastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand.
Further Reading
- Get a free copy of the StockNews.com research report on Eastman Kodak (KODK)
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